Judge Arthur Engoron is expected to rule in Trump's civil fraud trial. The fine could be steep.

Trump could secure a bond, but it will cost him

So if Mr Trump owed $370m in disgorgement, he might have to pay a bond company $37m (£29m) to issue the bond. And he will not get that fee back.

Trump could sell assets to raise enough cash

“Something is going to have to be sold or realised in order to get the money to pay for that kind of cost,” said William Thomas, a professor at the University of Michigan Ross School of Business.

Trump could ask his loyal supporters for the money

Mr Trump may also turn to the massive fundraising engine he uses to pay his tens of millions in legal fees. According to the New York Times, 10% of every dollar that is raised from his supporters goes to pay for his defence in his civil and criminal trials.

  • TWeaK@lemm.eeEnglish
    171·
    9 maanden geleden

    Can he secure a bond? Would any of them front the money?

    In the past he hasn’t used bond services, the question is whether he is too cheap or whether they wouldn’t give him credit. I think the latter.

    • Riccosuave@lemmy.world
      21·
      9 maanden geleden

      The other problem for him is that he is likely going to be barred from securing financing from any New York based financial institutions as he is facing down a lifetime ban from conducting business in the state along with disincorporation.

      That leaves him with an even bigger problem, which is that taking money from an outside financial entity that is controlled by another state actor would potentially further disqualify him from office under the emoluments clause.

      • Flying Squid@lemmy.world
        22·
        9 maanden geleden

        That leaves him with an even bigger problem, which is that taking money from an outside financial entity that is controlled by another state actor would potentially further disqualify him from office under the emoluments clause.

        I would agree with you if he hadn’t violated the emoluments clause in office and nothing was done about it.

        https://www.brennancenter.org/our-work/analysis-opinion/supreme-court-ducks-opportunity-trump-emoluments-cases

        • Riccosuave@lemmy.world
          5·
          9 maanden geleden

          I know, but my assumption was that because of the significant added civil and criminal scrutiny, as well as the sheer volume of credit that would be necessary there is no way he would be able to sidestep the emoluments clause this time. Perhaps that is wishful thinking, but I doubt it because a personal debt of hundreds of millions of dollars is an animal of a different color.

    • Argongas@kbin.social
      12·
      9 maanden geleden

      There was an interview with E Jean Carroll and her attorney and they claimed Trump had to pay it out pocket for the first defamation fine because no bond company would work with him. That was only for like $5 million.